Aptus Capital Advisors LLC reduced its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 17.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,661 shares of the utilities provider’s stock after selling 548 shares during the period. Aptus Capital Advisors LLC’s holdings in American Electric Power were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AEP. FormulaFolio Investments LLC increased its position in American Electric Power by 67.8% during the fourth quarter. FormulaFolio Investments LLC now owns 3,795 shares of the utilities provider’s stock worth $359,000 after buying an additional 1,533 shares in the last quarter. Good Life Advisors LLC boosted its stake in shares of American Electric Power by 4.9% during the fourth quarter. Good Life Advisors LLC now owns 3,606 shares of the utilities provider’s stock valued at $341,000 after acquiring an additional 167 shares during the last quarter. Mirador Capital Partners LP boosted its stake in shares of American Electric Power by 6.2% during the fourth quarter. Mirador Capital Partners LP now owns 4,538 shares of the utilities provider’s stock valued at $429,000 after acquiring an additional 265 shares during the last quarter. Welch & Forbes LLC increased its position in American Electric Power by 19.5% during the 4th quarter. Welch & Forbes LLC now owns 4,372 shares of the utilities provider’s stock worth $413,000 after purchasing an additional 714 shares in the last quarter. Finally, Altium Wealth Management LLC raised its stake in American Electric Power by 4.9% in the 4th quarter. Altium Wealth Management LLC now owns 5,815 shares of the utilities provider’s stock valued at $550,000 after purchasing an additional 274 shares during the last quarter. 73.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:AEP opened at $78.43 on Friday. The business has a 50-day moving average of $81.30 and a two-hundred day moving average of $91.08. The firm has a market capitalization of $38.52 billion, a PE ratio of 21.03, a P/E/G ratio of 3.29 and a beta of 0.38. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.45 and a quick ratio of 0.35. American Electric Power Company Inc has a 12 month low of $65.14 and a 12 month high of $104.97.

American Electric Power (NYSE:AEP) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.07). American Electric Power had a return on equity of 10.15% and a net margin of 12.08%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. As a group, research analysts anticipate that American Electric Power Company Inc will post 4.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $2.80 annualized dividend and a yield of 3.57%. American Electric Power’s dividend payout ratio is currently 66.04%.

In other American Electric Power news, CEO Nicholas K. Akins sold 69,657 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $101.05, for a total transaction of $7,038,839.85. Following the transaction, the chief executive officer now owns 170,522 shares in the company, valued at $17,231,248.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian X. Tierney sold 18,573 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $101.55, for a total value of $1,886,088.15. Following the completion of the sale, the chief financial officer now directly owns 45,162 shares of the company’s stock, valued at approximately $4,586,201.10. The disclosure for this sale can be found here. Insiders sold 127,067 shares of company stock valued at $12,434,814 in the last three months. Company insiders own 0.16% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Barclays lowered their price target on shares of American Electric Power from $107.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, March 26th. KeyCorp raised shares of American Electric Power from a “sector weight” rating to an “overweight” rating and set a $93.00 target price for the company in a research note on Friday, March 13th. SunTrust Banks increased their price target on American Electric Power from $109.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research report on Friday. Finally, TheStreet downgraded American Electric Power from a “b” rating to a “c+” rating in a research report on Friday, March 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $95.71.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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